1701, Golden Mile 01
Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1701, Golden Mile 01
What is 1701 worth today?
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Source: Dubai Land Department. Updated 1 May 2023.
Key facts
- Type
- Penthouse apartment
- Size
- 4,882 sqft
- Floor
- 7th of 7
- Parking
- Building 1-B3-04, Building 1-B3-05
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 75,600 /yr
- Last sold
- AED 4.75M · May 2023
- Building
- Golden Mile 01
About 1701, Golden Mile 01
1701 is a penthouse of 4,882 sqft on the 7th floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 1 May 2023 for AED 4,750,000, or AED 972 per sqft.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 14 November 2022, is AED 310,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 75,600 a year.
Sales and rents for 1701 over time
1701 has sold 3 times; the dashed line is the penthouse median of each year in the building.
Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.
Penthouses in Golden Mile 01, and where 1701 sits
All 7 penthouses →Over the last 12 months penthouses sold for AED 7,950,000, around AED 2,014 per sqft, and rent for AED 400,000 to 450,000 a year.
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Jan 20266 January 2026 | 3,946 sqft | 7,950,000 | 2,014 | ||
| 27 Mar 202527 March 2025 | 4,369 sqft | 8,100,000 | 1,854 | ||
| 24 Jul 202424 July 2024 | 4,442 sqft | 6,950,000 | 1,564 | ||
| 15 Jan 201915 January 2019 | 4,442 sqft | 3,500,000 | 787 |
Golden Mile 01
Building85 apartments, 1-bed to 3-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 5 sold in the last 12 months.
- Typical price per sqft
- AED 2,014
- Typical sale
- AED 4M
- Typical rent
- AED 165K /yr
- Typical yield
- 4.4%
Other units on the 7th floor
All 85 units in Golden Mile 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1702 | Penthouse | 4,369 sqft | AED 8.1MAED 8,100,000 · Mar 2025March 2025 | 235,649 /yr | |
| 1703 | Penthouse | 4,677 sqft | AED 6.29MAED 6,290,970 · May 2009May 2009 | 450,000 /yr | |
| 1704 | Penthouse | 10,222 sqft | AED 8.25MAED 8,250,000 · Jul 2013July 2013 | 400,000 /yr | |
| 1705 | Penthouse | 3,946 sqft | AED 7.95MAED 7,950,000 · Jan 2026January 2026 | 350,000 /yr | |
| 1706 | Penthouse | 4,442 sqft | AED 6.95MAED 6,950,000 · Jul 2024July 2024 | 230,000 /yr | |
| 1707 | Penthouse | 5,111 sqft | AED 5MAED 5,000,000 · Mar 2014March 2014 |
1701, Golden Mile 01 in numbers
- Sold 3 times: first on 11 November 2009 for AED 3,500,000, last on 1 May 2023 for AED 4,750,000 (AED 972 per sqft).
- Rented since June 2015 on 6 Ejari contracts, from AED 260,000 to AED 310,000 a year.
- At AED 310,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 75,600 a year (AED 15.49 per sqft).
- Penthouses in Golden Mile 01 sold for AED 7,950,000–7,950,000 in the 12 months to November 2026; the building's median across all types is AED 2,014 per sqft.
Source: Dubai Land Department. Updated 1 May 2023.
Questions about 1701, Golden Mile 01
What did unit 1701 last sell for?
AED 4,750,000 on 1 May 2023: AED 972 per sqft for 4,882 sqft. The unit has 3 registered sales; the first was AED 3,500,000 in November 2009.
What is the rent for unit 1701?
AED 310,000 a year on the contract signed on 14 November 2022. The previous contract, from November 2021, was AED 300,000; the unit has been rented since June 2015.
How big is unit 1701?
4,882 sqft (453.6 sqm): a penthouse on the 7th floor of a 7-storey tower completed in 2009.
What is unit 1701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Penthouses in Golden Mile 01 sold for AED 7,950,000 to 7,950,000 in the last 12 months, around AED 2,014 per sqft.
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Mortgage on 1701, Golden Mile 01
Starts from the last sale price (AED 4.75M, 1 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,750,000
- Deposit, UAE resident (20%)
- AED 950,000
- Deposit, non-resident (40%)
- AED 1,900,000
- Monthly over 25 years at 3.7%
- AED 19,434
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →